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British investors report £36m of Binance crypto frauds
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fnlondon.comScammers conned British investors out of £36m of Binance’s cryptocurrency last year, according to figures released by City of London Police.
The figure represents more than a sixth of crypto frauds reported to Action Fraud, the UK’s national centre for cyber offences, which totalled £204m in 2021, nearly double the figure in 2020.
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